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. >> regardless of how fiscal cliff negotiations work out, for the first time ever, the irs will impose a new income surtax on all investment gains including your home. 159 pages of rules for one tax. this cannot be good. here now is the author of the book democracy denied. 159 pages. am i right it is going to include gains on your home? in fact this rule looks like it is going to cover more ground than originally thought. this surtax? >> well, you still have an exclusion on the tail of a primary residence. above that, it would be subject to this surtax. independent income. the rules are surrising. all rental income, you are going to have to pay the surtax on that rental income. depending on what happens with fiscal inclusive, we could be looking at 43.4%. all of this stuff, income is going to go up. there is a 0.9% payroll tax for people above $250,000. explain this to me. these investments aren't they already tax ee eed once? when you put it into corporate assets, you put it into corporate stock. this is an additional layer of tax on already taxed income. to worsen that, worsens that
. >> regardless of how fiscal cliff negotiations work out, for the first time ever, the irs will impose a new income surtax on all investment gains including your home. 159 pages of rules for one tax. this cannot be good. here now is the author of the book democracy denied. 159 pages. am i right it is going to include gains on your home? in fact this rule looks like it is going to cover more ground than originally thought. this surtax? >> well, you still have an exclusion on the...
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fiscal cliff. good morning again, everybody. i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about this. jared, it seems like things have gotten quieter. do you think that's the case? is that a good
fiscal cliff. good morning again, everybody. i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime,...
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so, in the after hours, it is interpreted as being a positive development in if fiscal cliff negotiations. >> and it was -- >> that's right. >> it was all day. at a point, you have to succumb to the reality that the people have information in hand, it's going to come to you after the fact. people get this stuff, it's a game of horse trading, as tim said. people are looking for resolution. the minute they get a whiff of it, this market is going higher. >> le whaf. >> i think that's right. it is a positive development. it is an indication they are inching towards a deal. but we have a long time to go before now and then and we might need a few more offers before we get there. nobody should think they are going to announce something tomorrow. as soon as i say they -- >> you'll get another leak. >> we are inching towards it here and at some point they're going to have a deal but this thing could blow up at any time, too. this is very tense stuff and a lot of people's political futures are riding on this. >> not to mention the country's. >> and that, too. >> eamon, thank you for the update. ea
so, in the after hours, it is interpreted as being a positive development in if fiscal cliff negotiations. >> and it was -- >> that's right. >> it was all day. at a point, you have to succumb to the reality that the people have information in hand, it's going to come to you after the fact. people get this stuff, it's a game of horse trading, as tim said. people are looking for resolution. the minute they get a whiff of it, this market is going higher. >> le whaf....
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. >> let's get to our guest host for more on the fiscal cliff negotiations. joining us now for the rest of the show, senator john thune, chairman of the senate republican kovrns conference. a member of the budget, commerce and finance committees and the third ranking republican in the senate. and, tall, great suit. you're like 6'2", aren't you? 6'1"? >> actually more like 6'4". you're sitting down. >> i'm sitting down. didn't want to give you credit for those extra -- anyway. you cut -- i like the cut of this man's jib. anyway, senator, you have made the point that the debt ceiling is another place where the gop might have some leverage. you heard senator corker. does that speak to you? does that make sense to you to give on the 2%, and then use the debt ceiling to really extract some entitlement cuts? >> ideally, joe, i think what we'd like to see is a deal right now that includes a restructuring entitlement programs. that's what drives federal spending. we can't solve this on the revenue side. and, you know, we've got colleagues right now that are san diego
. >> let's get to our guest host for more on the fiscal cliff negotiations. joining us now for the rest of the show, senator john thune, chairman of the senate republican kovrns conference. a member of the budget, commerce and finance committees and the third ranking republican in the senate. and, tall, great suit. you're like 6'2", aren't you? 6'1"? >> actually more like 6'4". you're sitting down. >> i'm sitting down. didn't want to give you credit for those...
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eastern time. >>> in the latest in the fiscal cliff negotiations treasury secretary tim geithner not mincing words in his interview with steve liesman. there was tough talk that came out of this. i was surprised. >> i was, too. couple different interpretations from tim geithner that the white house would go over the cliff unless there's a tax hike on the wealthy, those making more than $250,000. here's the quote people are talking about. i want to understand the administration's position when it comes to raising taxing on the wealthy, those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve the rates going up on the top 2% of the wealthiest, remember it's only 2%. >> on the one hand senator orin hatch called "one of the most stunning and irresponsible statements" he's heard in some time. he says it will put jobs and people's paychecks and retirement at risk. what geithner was state the administration's existing position but just in harshe
eastern time. >>> in the latest in the fiscal cliff negotiations treasury secretary tim geithner not mincing words in his interview with steve liesman. there was tough talk that came out of this. i was surprised. >> i was, too. couple different interpretations from tim geithner that the white house would go over the cliff unless there's a tax hike on the wealthy, those making more than $250,000. here's the quote people are talking about. i want to understand the administration's...
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coming up we'll talk about the latest developments for the fiscal cliff negotiations with a former senate banking committee economist and the former chairman of the white house council of economic advisers. perhaps even more importantly rick santelli will be live from chicago. >> hello, simon. i'll tell you what, make sure you come back in about five minutes. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> let's get to the group this monday morning, check in with rick santelli and get the santelli exchange. >> good morning, carl. to me, if you're trying to work with individuals to solve the problem, trust and honesty are very big components of that relationship working. and i'll tell you what, my theme of late has been that the
coming up we'll talk about the latest developments for the fiscal cliff negotiations with a former senate banking committee economist and the former chairman of the white house council of economic advisers. perhaps even more importantly rick santelli will be live from chicago. >> hello, simon. i'll tell you what, make sure you come back in about five minutes. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for...
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hours with regard to the fiscal cliff. do you agree with that? >> i don't know. but i do know we haven't made any progress. from time to time, we've heard encouraging words but then the next day when it is time to report out what happened, nothing has happened. it does not appear that there have been any changeets, any progress has been made. so, as is being said, a moment ago. members of congress are prepared to be here during christmas holidays if we have to. >> when members go home for the weekend, back to their district, many traveling at taxpayer expense during this kind of environment, the optics are not particularly good. does that resonate with you, congressman waters? >> well, no. as matter of fact, constituent are anxious to talk with us. they are always pleased to see us. they want an update. they want to know what is going on. of course dhe are encouraging us to bring this to a close. to reach some kind of agreement. but they don't mind us being home, if we're not doing anything. they want us there talking with
hours with regard to the fiscal cliff. do you agree with that? >> i don't know. but i do know we haven't made any progress. from time to time, we've heard encouraging words but then the next day when it is time to report out what happened, nothing has happened. it does not appear that there have been any changeets, any progress has been made. so, as is being said, a moment ago. members of congress are prepared to be here during christmas holidays if we have to. >> when members go...
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we're going to have a fight on the fiscal cliff. another on the debt ceiling. it's destroying confident in the markets and what bothers me, larry, you know the subprime crisis hit like that. there was no warning. we could have another one like that. >> somebody has to control spending. i think the debt ceiling over a period of time is one way to do it. i'm sorry to you both. i have to get out of here. >> only roughly 800 billion apart. they can come together and solve it. >> i think the main tax -- >> for the good of the country. i'm probably not going to like the deal but that's probably what will happen. >> thank you so much. quick programming note. i will come to you life from our nation's capital tomorrow night as part of cnbc's special all day coverage. rise above, mission critical. now how do you like this scenario? the u.s. government using our tax money to build up an electric battery firm but after it fails the company sells out to a chinese outfit who takes advantage of our own taxpayer dollars. now producing for japan. there is something wrong with t
we're going to have a fight on the fiscal cliff. another on the debt ceiling. it's destroying confident in the markets and what bothers me, larry, you know the subprime crisis hit like that. there was no warning. we could have another one like that. >> somebody has to control spending. i think the debt ceiling over a period of time is one way to do it. i'm sorry to you both. i have to get out of here. >> only roughly 800 billion apart. they can come together and solve it. >> i...
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the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the time to play politics. it's about doing right by the american people. >> i think if people would get in the room and leave their ego behind, and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> poppy harlow is joining us with more. we've been talking about how this will affect us. schultz says this goes way beyond our boarders. >> it's global. something that stuck with me talking to him about this, the people who need a deal most will be hurt t
the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for...
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sad to report no real solution today and that pretty much sums up the fiscal cliff negotiations. i feel like a broken record. here we go again on the countdown. day 26. got another 24 hours closer to the edge of the fiscal cliff which is why we have our eyes on the white house press briefing. got a live picture ready for you so we don't miss anything. for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first time in a week but apparently that's the headline. that's the editorial body. not much came out of it that we know of. sources say no real breakthrough. no formal negotiations. sessions are not scheduled. no back channel discussions taking place that anybody knows about at this time and as we wait for the white house briefing to begin, let's bring in wolf blitzer on this topic. there are a couple of polls that are very telling about how americans feel about congress and the president are behaving when it comes to the fiscal cliff. let me read some of these numbers for you. should obama compro
sad to report no real solution today and that pretty much sums up the fiscal cliff negotiations. i feel like a broken record. here we go again on the countdown. day 26. got another 24 hours closer to the edge of the fiscal cliff which is why we have our eyes on the white house press briefing. got a live picture ready for you so we don't miss anything. for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first...
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keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the more they meet and more that they have these lines of communications opened on a daily basis and their staffs are meeting, the more likely we'll see a conclusion to this issue. but it is regrettable that it is this late in the day, given the uncertainty and the apprehension that it continues to create among the american people, and, of course, both within the markets here and abroad. but i think it is hopeful that they have begun to meet and have some discussions because i think we can breathe a sigh of relief that the lines of communication are open. >> are you breathing that sigh of
keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the...
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cliff. >> how does it play into fiscal cliff negotiation? >> you would think it gives them a sobering sense of if we do the right thing, maybe the economy keeps growing, if we do the wrong thing, might tip the united states. some think even the possibility of another global recession. you would think it would be a motivation to get things done. if you listen to what's said publicly, see if they're working out a deal privately, there are staff level conversations but most of the big voices dug in. >> you had a fascinating interview with the head of the international monitoring fund, it will air sunday on "state of the union." let me play a clip. what happens in fiscal cliff negotiations in washington could have a huge impact around the world. >> there's still that degree of uncertainty that fuels doubt, that prevents investors, entrepreneurs, households from making decisions because they don't know what tomorrow will be. they know that a fix has been found for today but there is still work to be done tomorrow and day after tomorrow. so it wou
cliff. >> how does it play into fiscal cliff negotiation? >> you would think it gives them a sobering sense of if we do the right thing, maybe the economy keeps growing, if we do the wrong thing, might tip the united states. some think even the possibility of another global recession. you would think it would be a motivation to get things done. if you listen to what's said publicly, see if they're working out a deal privately, there are staff level conversations but most of the big...
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now and the fiscal cliff negotiation. the back and forth between both sides hasn't been complimentary. quite the opposite, in fact, which means the country needs to prepare for what comes next. that would be automatic spending cups and the expiration of bush era tax breaks. the pentagon has been preparing, and as our john callan reports, so have families who have a whole lot to lose if a deal doesn't get done. >> reporter: jeremy connor, married father of two. >> i've worked recently for a very large defense contractor, and my wife works for that same defense contractor. >> reporter: he left that job after 18 years for more stability since the couple both worked in the same department. >> the discussion of the fiscal cliff just made sense for one of us to get out. >> you know, we didn't know what it looked like down the road, if we were even going to have jobs at all. >> reporter: pentagon's budget for the next ten years has already been flashed $500 billion, and could face another half trillion in automatic cuts if congr
now and the fiscal cliff negotiation. the back and forth between both sides hasn't been complimentary. quite the opposite, in fact, which means the country needs to prepare for what comes next. that would be automatic spending cups and the expiration of bush era tax breaks. the pentagon has been preparing, and as our john callan reports, so have families who have a whole lot to lose if a deal doesn't get done. >> reporter: jeremy connor, married father of two. >> i've worked...
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deciding how much of each is what's holding up any deals on averting the fiscal cliff. negotiations are pretty much at a standstill, but if you ask house speaker john boehner, he has an idea of who's holding things up. >> there are a lot of things that are possible to put the revenue the president seeks on the table. but none of it's going to be impossible. the president insists on his position. insists on my way or the highway. >> in his weekly white house address this morning, president obama responded to boehner's remark. >> i'm willing to make more entitlement spending cuts on top of the one trillion dollars in spending cuts i signed into law last year. but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >>> holiday hiring may have given a big boost to the jobs report released yes
deciding how much of each is what's holding up any deals on averting the fiscal cliff. negotiations are pretty much at a standstill, but if you ask house speaker john boehner, he has an idea of who's holding things up. >> there are a lot of things that are possible to put the revenue the president seeks on the table. but none of it's going to be impossible. the president insists on his position. insists on my way or the highway. >> in his weekly white house address this morning,...
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fiscal cliff negotiations, they're really focused on fixing the debt. how can you fix the debt if you can't fix the economy? if you can't fix the jobs situation? >> oh, boy, this is the magic question this is why people like paulfreaking out and going, wait a minute, we go over the fiscal cliff, it is austerity, it is bad for job creation and that could be a problem. the bigger issue i think in the long-term unemployment problem is we never really dealt with it from the beginning of the jobs crisis. so 12 million people out of work, 40% of them, more than six months, that's insane. but we have not had a real program to get those long-term unemployed back to work. and, you know, frankly, i don't see anything happening in the future. as we look at that fiscal cliff, what does that really do? it says government is going to spend less money, less money means less job training, less ways to get the unemployed back to work. that really says that we're probably going to be stuck with an unemployment problem for a long time. >> so avoiding a fiscal cliff doesn'
fiscal cliff negotiations, they're really focused on fixing the debt. how can you fix the debt if you can't fix the economy? if you can't fix the jobs situation? >> oh, boy, this is the magic question this is why people like paulfreaking out and going, wait a minute, we go over the fiscal cliff, it is austerity, it is bad for job creation and that could be a problem. the bigger issue i think in the long-term unemployment problem is we never really dealt with it from the beginning of the...
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for an agent, call the number that appears on your screen. >>> so how do you make the fiscal cliff negotiations funny? let's check in to see what some of the late-night comics are saying. >> you know, it's a special time of the year. we've been looking forward to it for months now. everywhere you go you can see the twinkle in little children's eyes because they know in a few short weeks the fiscal cliff is coming to town. ma merry cliff-mas. jim? >> the president is asking for $1.6 trillion. >> entitlement reform. >> discretionary spending. [ applause [ applause ] >> i'm back. what happened? >> they are still trying to reach a resolution in the fiscal cliff talks. it's getting a little heated between president obama and speaker boehner. take a look at what they've been saying to each other. yesterday obama said, quote, if we can get some leadership on the republican side, we can probably solve this in about a week. it's not that tough. boehner then responded saying, quote, i've sent the president our proposal. if he doesn't like our plan, he should come back with a plan of his own. obama respon
for an agent, call the number that appears on your screen. >>> so how do you make the fiscal cliff negotiations funny? let's check in to see what some of the late-night comics are saying. >> you know, it's a special time of the year. we've been looking forward to it for months now. everywhere you go you can see the twinkle in little children's eyes because they know in a few short weeks the fiscal cliff is coming to town. ma merry cliff-mas. jim? >> the president is asking...
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and that leads you back to the negotiations over the fiscal cliff. and i think this raises the pressure to get a deal done. that's important. and the part of the deal that is actually not being talked about, but which will be central, is the spending side. the sequester is a very bad policy. both sides agree it needs to go away. they have to figure out how. and the tax side has to be matched by entitlent reforms, and you can pick 37 if you have the right entitlement reforms, but only 36 if you have less and you could get 38 if you have more. there's a lot of work left to be done. >> let's talk about that, robert. on the spending side. do you think that there's any way the democrats get out of this over the next 18 or 24 months without really addressing spending and probably annoying a lot of their base in the process? >> well, the president has already put a lot of spending cuts on the table. let me partially agree with doug. the employment report today was, although it looked pretty encouraging if you look at the numbers underneath the numbers, it w
and that leads you back to the negotiations over the fiscal cliff. and i think this raises the pressure to get a deal done. that's important. and the part of the deal that is actually not being talked about, but which will be central, is the spending side. the sequester is a very bad policy. both sides agree it needs to go away. they have to figure out how. and the tax side has to be matched by entitlent reforms, and you can pick 37 if you have the right entitlement reforms, but only 36 if you...
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still ahead on "starting point" a little movement on the fiscal cliff with new proposals on the table from both sides. going to talk about that. some conservatives say they think boehner should step away from the negotiating table. we'll talk to tennessee congresswoman marcia blackburn about that. >>> a viewer writes to a black meteorologist saying she needs to grow hair or wear a wig. it's not something i think looks good on tv so she responded on facebook very nicely said something at the end "have a nice day," got her fired. we'll talk about her story, when we return, in just a moment. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world u
still ahead on "starting point" a little movement on the fiscal cliff with new proposals on the table from both sides. going to talk about that. some conservatives say they think boehner should step away from the negotiating table. we'll talk to tennessee congresswoman marcia blackburn about that. >>> a viewer writes to a black meteorologist saying she needs to grow hair or wear a wig. it's not something i think looks good on tv so she responded on facebook very nicely said...
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debt deal negotiations have stalled. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's on him! (laughter) because i know some republicans who had their eyelids surgically removed. (laughter) (cheers and applause) now obama won't budge off his calls for $1.6 trillion in new tax revenue over the coming decade, mostly from increasing tax rates and taxes on upper-bracket earners. folks, that's just punishing our nation's job creators. america's billionaires are the engine that drives our economy through smart investments! and occasionally through dumb ones. (laughter) today house speaker john boehner struck back with his plan to cut spending by demanding obama come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the pr
debt deal negotiations have stalled. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's on him! (laughter) because i...
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it does seem as though immigration will be the issue of next year once the fiscal cliff negotiations are over. we have heard from a number of republicans who think immigration reform may be easier to achieve a. in 2006, we had some very heated debate on that topic. at this point after an election where republicans lost the latino voters by a very large number, they are saying they would like to see immigration reform passed in some way. they will push it differently. >> i think governor peter shumlin is back. we were talking about immigration and global warming. did you want to finish your thoughts? >> what is right for vermont or massachusetts may not be bright for virginia or some of the other oil-producing producing states. i believe strongly that climate change is the single biggest challenge we face and we cannot move fast enough to do energy efficiency better. from the governor's perspective, it is a job creator. as we move to renewable and energy efficiency, which we have to do for climate change and because america cannot afford to continue to import oil that is $4, five buck
it does seem as though immigration will be the issue of next year once the fiscal cliff negotiations are over. we have heard from a number of republicans who think immigration reform may be easier to achieve a. in 2006, we had some very heated debate on that topic. at this point after an election where republicans lost the latino voters by a very large number, they are saying they would like to see immigration reform passed in some way. they will push it differently. >> i think governor...
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it does seem as though immigration will be the issue of next year once fiscal cliffs negotiating are over, if ever. we've heard from a number of republicans who think that immigration reform might be easier to achieve this time. as you may recall, in 2006 and 2007 we had heated debates on that topic. but at this point, after an election where the republicans lost the latino votes by a large number they would like to see immigration reform pass in some way and they are going to approach it differently this time. >> we apologize for the live signals but we were talking about the immigration and the issue of global warming. did you want to finish your thoughts? >> sure. i want to say what is right for vermont, massachusetts, may not be right for virginia. having said that, we believe and i believe strongly that climate change is the biggest single challenge that we face and we can't move fast enough to do energy efficientcy better. the other point about that from the governor's perspective is it is a jobs creator. as we move to energy efficientcy which is good for climate change but ame
it does seem as though immigration will be the issue of next year once fiscal cliffs negotiating are over, if ever. we've heard from a number of republicans who think that immigration reform might be easier to achieve this time. as you may recall, in 2006 and 2007 we had heated debates on that topic. but at this point, after an election where the republicans lost the latino votes by a large number they would like to see immigration reform pass in some way and they are going to approach it...
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host: armstong williams, how do you see the fiscal cliff negotiations going? where do you see them going? guest: there is no doubt that the president signaled yesterday in his conversation to the speaker of the house, and no matter what the drumbeats of the politicians and activists may say to the media, there is no question he is committed to resolving this issue. you cannot resolve this issue bringing people back to certainty or to help business owners understand the liabilities they will face on january 1, 2013. there is no question that the president and the speaker will come to a compromise. back during the days of former president lyndon baines johnson and the senator leader at the time, some of the issues that are going on -- i will never forget when dirkson was talking to the president, and the president said we should meet this evening. the senator said i think we have reached our wit's end. johnson left the white house and met with the senator to show his commitment and said this is what we have to do. as a result of that meeting, they came to some d
host: armstong williams, how do you see the fiscal cliff negotiations going? where do you see them going? guest: there is no doubt that the president signaled yesterday in his conversation to the speaker of the house, and no matter what the drumbeats of the politicians and activists may say to the media, there is no question he is committed to resolving this issue. you cannot resolve this issue bringing people back to certainty or to help business owners understand the liabilities they will...
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Dec 13, 2012
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host: how does social security factor into the fiscal cliff negotiation process? guest: the republicans put forward a plan in the last few weeks to change the way the annual cost-of-living adjustment is calculated for social security beneficiaries. the cost of living adjustments, known as the cola, it's the annual increase in benefits people get in their monthly payments. this coming year, next month in january their scheduled to get a 1.7% increase in benefits. that is based on a government measure of inflation, the consumer price index. specifically for so security, they use the consumer price index for urban wage earners. there's a new measure of inflation that the government has been considering for while called the change cpi. on average the social security administration tells us the cola would be 0.3 percentage points less than what it has been. so the 1.7% increase coming in january would be about 1.4%. last year the increase was 3.6% during that would be about 3.3%. that is the biggest effect of adopting this new measure of inflation that republicans put
host: how does social security factor into the fiscal cliff negotiation process? guest: the republicans put forward a plan in the last few weeks to change the way the annual cost-of-living adjustment is calculated for social security beneficiaries. the cost of living adjustments, known as the cola, it's the annual increase in benefits people get in their monthly payments. this coming year, next month in january their scheduled to get a 1.7% increase in benefits. that is based on a government...
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Dec 8, 2012
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it -- he has been very involved in the fiscal cliff negotiations. before he was a senator, he was governor of virginia. before that, he was co-founder of nextell. stephen case was co-founder of america online. he is a rabid twitterer. i feel like i know all the details of your life. he is a relentless opponent of entrepreneurship. we are very fortunate to have these three panelists. they each get five to seven minutes. i think we will get through it. five to seven minutes to discuss the topic. we will have a conversation among us. then we will open it up to you. hopefully we will get to all the -- all of your comments and questions. we'll start with professor sullivan. >> i am delighted to be here this evening. not only because the topic is important and the panelists are interesting, but because this conference recognizes mort kaplan, somebody i am pleased to have the opportunity to speak on behalf of tonight. we're looking tonight at immigration policy and how it affects our -- our ability to attract high skilled immigrants. we're speaking of scie
it -- he has been very involved in the fiscal cliff negotiations. before he was a senator, he was governor of virginia. before that, he was co-founder of nextell. stephen case was co-founder of america online. he is a rabid twitterer. i feel like i know all the details of your life. he is a relentless opponent of entrepreneurship. we are very fortunate to have these three panelists. they each get five to seven minutes. i think we will get through it. five to seven minutes to discuss the topic....
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Dec 5, 2012
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negotiations continue in washington on the so-called fiscal cliff. president obama plans to enter questions from business members. the group has been urging action to prevent huge automatic tax increases in january. those are some of the latest headlines on c-span radio. [video clip] >> we have not coordinated care. all these services have so many cracks that the cracks are as harmful as the diseases that we're treating. you have to step back and ask, are we hurting people overall? what are we doing? now we have the report saying 30% of everything we do not be necessary in health care. 30% of medications we subscribe, the test and procedures we order. this is something for the first time been called out as a problem. >> this function in the health- care industry. what hospitals will not tell you. urday night at 10:00 p.m. on c-span2. >> "washington journal" continues. host: we have been focusing on different aspects of the fiscal cliff. we want to look at capital gains tax and the estate tax. what is the estate tax? guest: it goes back to history --
negotiations continue in washington on the so-called fiscal cliff. president obama plans to enter questions from business members. the group has been urging action to prevent huge automatic tax increases in january. those are some of the latest headlines on c-span radio. [video clip] >> we have not coordinated care. all these services have so many cracks that the cracks are as harmful as the diseases that we're treating. you have to step back and ask, are we hurting people overall? what...
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Dec 8, 2012
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tomorrow, we will talk about the latest news about the so-called fiscal cliff negotiations with a former congressional budget office director. then a look at the lobbying going on in washington. later, a look at developments in syria and the response from the international community. "washington journal" here on c- span. this week, we will have the vermont governor and new chairman of the democratic governors' association, who will talk about the fiscal cliff and laying the groundwork for the 2013 and 2014 elections. lives on sunday at 10:00 a.m. eastern. next, a quick look at president obama and the first family last week at the national christmas tree lighting ceremony. ♪ [applause] >> merry christmas, everybody! >> it is great to see you all. happy holidays. happy holidays, mr. president. >> is it time? i think it's time. i hope everybody is ready. we have to do the countdown. starting with five. 5, 4, 3, 2, 1. [cheers] ♪ >> merry christmas, everybody. ♪ >> please welcome the director of washington and st. john's church. >> let us about our heads in prayer. let us prey. gracious
tomorrow, we will talk about the latest news about the so-called fiscal cliff negotiations with a former congressional budget office director. then a look at the lobbying going on in washington. later, a look at developments in syria and the response from the international community. "washington journal" here on c- span. this week, we will have the vermont governor and new chairman of the democratic governors' association, who will talk about the fiscal cliff and laying the groundwork...
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Dec 8, 2012
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perspectives on the latest fiscal cliff negotiations. negotiations.
perspectives on the latest fiscal cliff negotiations. negotiations.
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Dec 13, 2012
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cliff negotiations. host: and here on "washington journal," we are going to continue our look that we've done over the last couple of weeks at the so-called fiscal cliff and its impact on taxes and spending and some other issues. and today we're focusing on the issue of medicare, and our guest is mary agnus carey, senior health care correspondent for the kaiser health care news. mary agnus, just as a reminder for our viewers, how is medicare funded? guest: well, medicare has part a is funded by payroll taxes, gets taken out of their checks. part b and d. part b is your outpatient service and part d is prescription drugs and it's funded by yn revenue. host: is it self-sustaining? does it pay for itself? guest: in the sense general revenues pays for it, its needs are met and then the medicare trustees says the program is funded through 2024 in part because of the reductions in the health care law to providers and here we're talking about the part a trust fund. as we know 50 million people rely on this prog
cliff negotiations. host: and here on "washington journal," we are going to continue our look that we've done over the last couple of weeks at the so-called fiscal cliff and its impact on taxes and spending and some other issues. and today we're focusing on the issue of medicare, and our guest is mary agnus carey, senior health care correspondent for the kaiser health care news. mary agnus, just as a reminder for our viewers, how is medicare funded? guest: well, medicare has part a is...
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Dec 12, 2012
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including negotiations over the so-called fiscal cliff. former comptroller general david walker and former congressional budget office director rudy penner explained why they think raising taxes will not solve all the problems. this is just over an hour. >> i will make a few introductory remarks. today we are going to talk about three issues briefly. one is that fiscal cliff, to is the debt ceiling. three is the so-called big deal that has to be done on our debt and deficit. of fortunately those issues, convoluted, especially in this town. they are distinct. the impact each other but they are distinct. this fiscal cliff is an artificial state. congress came in, said this law expires on this date. they extended it wants. they put in the sequestration. it is a date. all they have to do is extend the date and allow themselves time to discuss the issues. instead they are putting it all into a lame duck session. that is a problem. sometimes it leads to bad policy. the fiscal cliff can have real consequences. cbo has said that it would cause a r
including negotiations over the so-called fiscal cliff. former comptroller general david walker and former congressional budget office director rudy penner explained why they think raising taxes will not solve all the problems. this is just over an hour. >> i will make a few introductory remarks. today we are going to talk about three issues briefly. one is that fiscal cliff, to is the debt ceiling. three is the so-called big deal that has to be done on our debt and deficit. of...
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then all look at the lobbying going around the fiscal cliff negotiations by clients in washington. our guest is anna palmer. and later a discussion on syria and the response from the international community. live at 7:00 a.m. eastern here on c-span. this week on news makers, the vermont governor and chair of the democratic governors' association peter shumlin. he talks about the fiscal cliff and laying the groundwork for the 2013-2014 election. that is at 10:00 a.m. eastern on c-span. >> in president obama's weekly address, he talks about tax policy, the tax cuts put in place by the previous administration that will expire at the end of the year. then the republican address on the economy, jobs, and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or loses in washington. it's about making
then all look at the lobbying going around the fiscal cliff negotiations by clients in washington. our guest is anna palmer. and later a discussion on syria and the response from the international community. live at 7:00 a.m. eastern here on c-span. this week on news makers, the vermont governor and chair of the democratic governors' association peter shumlin. he talks about the fiscal cliff and laying the groundwork for the 2013-2014 election. that is at 10:00 a.m. eastern on c-span. >>...
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Dec 6, 2012
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that seems unlikely to be changed as part of the fiscal cliff negotiations. you'll still see that surtax on top of that. host: this from twitter. guest: i leave that as it is. host: is that how much it could go up? guest: yes. host: currently it is 35%. go ahead, mark. caller: the previous caller mentioned capital gains -- the recent point about the medicare surcharge to pay for the affordable care act. if he thought it could be a solution to kill both of those birds with one stone. guest: i'm not a health-care expert. host: no problem. we have this from twitter. guest: i believe that is the case. tom in california, go ahead. caller: i have several issues with the estate tax. i am a farmer if it comes back to the normal 1 million exemptions. we work together to build this estate. it wasn't just my parents but it is in my parents' name. i have to pay tax to something i have contributed to. host: help people understand how farmers fall into this estate tax? how is it your estate is worth more than $1 million? caller: we have about 1,000 acres in sonoma county,
that seems unlikely to be changed as part of the fiscal cliff negotiations. you'll still see that surtax on top of that. host: this from twitter. guest: i leave that as it is. host: is that how much it could go up? guest: yes. host: currently it is 35%. go ahead, mark. caller: the previous caller mentioned capital gains -- the recent point about the medicare surcharge to pay for the affordable care act. if he thought it could be a solution to kill both of those birds with one stone. guest: i'm...
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negotiations for the fiscal cliff continue in washington. house members spoke about the issue today on a resolution that would allow the house to take up measures through december 28. this is just over an hour. on. the speaker pro tempore: the gentleman from texas is recognized for one hour. mr. sessions: thank you very much, mr. speaker. for the purpose of debate only, i yield theustomary 30 minutes to the gentlewoman from fair point, new york, my dear friend, the ranking member on the committee, ms. slaughter, pending which i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. sessions: thank you very much. during consideration of this resolution, all time is yielded for the purpose of debate only. mr. speaker, i ask unanimous consent that all members may have five legislative days to revise and extend their remarks. the speaker pro tempore: without objection. mr. sessions: i rise today in support of thisule which will provide this body the ability to consider legislation under suspension of t
negotiations for the fiscal cliff continue in washington. house members spoke about the issue today on a resolution that would allow the house to take up measures through december 28. this is just over an hour. on. the speaker pro tempore: the gentleman from texas is recognized for one hour. mr. sessions: thank you very much, mr. speaker. for the purpose of debate only, i yield theustomary 30 minutes to the gentlewoman from fair point, new york, my dear friend, the ranking member on the...
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we will continue looking at the so called "fiscal cliff" negotiations with mary agnes carey of kaiser health news. we will specifically look at how medicare may be affected by the fiscal cliff. next is grover norquist. we want to put the numbers up on the screen so you can have your chance to talk with mr. norquist. mr. norquist will be out here in just a minute so you can go ahead and start dialing your phones now. first, in the new york times, this article showing senator joe lieberman. he made his farewell speech yesterday. [video clip] >> barriers of discrimination and bigotry that a few decades ago seemed removable. doors of opportunity have been opened wider for all americans regardless of race, religion, gender, ethnicity, sexual orientation, age, or disability. during my time here in washington we have had our first female secretary of state nominated and confirmed, and our first african-american president elected and reelected. it will forever remain one of my deepest honors, thanks to vice president al gore, i was given the opportunity to be the first jewish american nominat
we will continue looking at the so called "fiscal cliff" negotiations with mary agnes carey of kaiser health news. we will specifically look at how medicare may be affected by the fiscal cliff. next is grover norquist. we want to put the numbers up on the screen so you can have your chance to talk with mr. norquist. mr. norquist will be out here in just a minute so you can go ahead and start dialing your phones now. first, in the new york times, this article showing senator joe...
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negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes
negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for...
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Dec 12, 2012
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fiscal cliff negotiations. house speaker john boehner and the white house traded a second round of proposals yesterday on the budget cus that begin to take effect in january of 2013. this is nearly half an hour. >> good morning, everyone. i'm really proud to stand here today with the house republicans and my colleagues to tell a very important story and it's a story of hard working americans and their families. and let me tell you there's no story that is more powerful. the story of all americans, it's the story of moms an dads, husbands and wives, grandparents that work hard and sacrifice, so that they can leave a better america to their children and their grandchildren. and as the debate is looming over the fiscal cliff, we stand here to fight for those hard working americans and their families. because as the federal government grows larger and larger, the middle class is squeezed more and more. and as i -- i'm a mom. i have two kids. when my daughter was born two years ago, her share of the national debt wa
fiscal cliff negotiations. house speaker john boehner and the white house traded a second round of proposals yesterday on the budget cus that begin to take effect in january of 2013. this is nearly half an hour. >> good morning, everyone. i'm really proud to stand here today with the house republicans and my colleagues to tell a very important story and it's a story of hard working americans and their families. and let me tell you there's no story that is more powerful. the story of all...
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Dec 11, 2012
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and as the fiscal cliff negotiations continue we spoke earlier today with a capitol hill reporter. >> what was the purpose of speaker boehner's appearance to speak about the fiscal cliff? >> you saw each major congressional player give some sort of speech but i think anything happening of consequence is happening between speaker bayne around the president and it's happening in a closely guarded, off-camera, way, they're actually trying to negotiate a deal and the rule of washington is when a deal is being done, people don't talk about it. when a deal is collapse, you know because they're both shouting about what the other side is doing. you saw speaker boehner and senate leader mitch mcconnel and jay carney from the white house press room, nancy pelosi, and harry reid saying we still want to see what they're willing to do before we move forward. it's the same line we've heard for a long time, we're just closer to the deadline now. >> in harry reid's comments he seemed to give an indication of a timetable. did he seem optimistic or pessimistic about getting it done? >> he seemed pessim
and as the fiscal cliff negotiations continue we spoke earlier today with a capitol hill reporter. >> what was the purpose of speaker boehner's appearance to speak about the fiscal cliff? >> you saw each major congressional player give some sort of speech but i think anything happening of consequence is happening between speaker bayne around the president and it's happening in a closely guarded, off-camera, way, they're actually trying to negotiate a deal and the rule of washington...
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and john boehner are just spoke to reporters on capitol hill, on the so-called fiscal cliff negotiations and the economy, including this morning's release on the november jobs numbers. here are his comments. >> good morning, everyone. this is not a progress report, because there is no progress to report. when it comes to the fiscal cliff threatening the economy and jobs, the white house has wasted another week. eight days ago the treasury secretary came here to offer a plan that had twice the planned tax hikes the president campaigned on. more stimulus spending than the added cuts, and did and didn't but net -- in definite increase on the debt limit. four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no counter offer from the white house. instead, records indicate the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. intent of reforming the tax code, the president wants to raise tax rates. even if the president got the tax rate hikes he wanted, und
and john boehner are just spoke to reporters on capitol hill, on the so-called fiscal cliff negotiations and the economy, including this morning's release on the november jobs numbers. here are his comments. >> good morning, everyone. this is not a progress report, because there is no progress to report. when it comes to the fiscal cliff threatening the economy and jobs, the white house has wasted another week. eight days ago the treasury secretary came here to offer a plan that had twice...
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Dec 10, 2012
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off the floor, negotiations continuing over what is called the fiscal cliff -- the combination of tax increases and spending cuts unless congress takes action. that's live tomorrow, here on c- span. next, the government's role on innovation and the economy. participating in the discussions is glenn hutchins, a former adviser to bill clinton and the google public policy and government relations and vice- president. it was a nearly hour-long the event of the by the center for american progress. >> that is a tough act to follow. i'm al hunt. let me just give you one quick story. i met her when she was policy director for hillary clinton and barack obama. i did a column one time in which i referred to her as the sugar ray robinson of policy directors. it sugarn't remember ray robinson, he was pound for pound, the greatest boxer in the history of the game. when i see here, i say hi, sugar. one of my younger reporters over heard this and said is he old? he's just a different generation. i'm sorry, sugar. [laughter] >> i'm glad you explained that. >> is terrific to be here. what a great pane
off the floor, negotiations continuing over what is called the fiscal cliff -- the combination of tax increases and spending cuts unless congress takes action. that's live tomorrow, here on c- span. next, the government's role on innovation and the economy. participating in the discussions is glenn hutchins, a former adviser to bill clinton and the google public policy and government relations and vice- president. it was a nearly hour-long the event of the by the center for american progress....
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we are talking about the so-called fiscal cliff. of course our cameras have been covering all of the events here in washington as both sides try to negotiate their argument with the public. if you go to our website, c-span.org, we have a special website setaside, webpage, c-span.org/fiscalcliff. or tweet us your thoughts using the #fiscal cliff. go ahead, payton. caller: thank you. i'm one of the original owners and i live in one of the poorest areas of the country which is one of the most highly republican areas of the country. i always intended if the republicans -- host: we are losing you, there. caller: somebody else is speaking. what i want to tell you is this cost of living is shameful way to protect the rich. host: we'll leave it there, payton. guest: he's got -- i can't add much to that. you're right. the previous caller who had talked making $14,000, he and his wife, their total income was $14,000 year on sfments he's not throwing -- on social security. he's not throwing money around. you start limiting the cost of living,
we are talking about the so-called fiscal cliff. of course our cameras have been covering all of the events here in washington as both sides try to negotiate their argument with the public. if you go to our website, c-span.org, we have a special website setaside, webpage, c-span.org/fiscalcliff. or tweet us your thoughts using the #fiscal cliff. go ahead, payton. caller: thank you. i'm one of the original owners and i live in one of the poorest areas of the country which is one of the most...
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cliff negotiations. two questions on that. does that suggest there is an instance we are no longer talking about tax cuts or tax increases? and where is the administration? i know you guys have argued a lot of details on spending cuts, but are you prepared to offer more? do they have a letter from ceos urging spending cuts and entitlement reforms and so forth be multiple and is the white house prepared to do more on that? >> let me take your questions in relative order. first of all, i did hear what the speaker of the house had to say. and i would note if there is one fact that should not be in dispute it ought to be this the president, unlike any other party to these negotiations, has put forth detailed spending cuts, as well as detailed revenue proposals. it is a simple fact that the president put those four would to the not so super super committee in september 2011, and that he, again, in the process of these negotiations, put them forward as his position when it came to both the revenue that was req
cliff negotiations. two questions on that. does that suggest there is an instance we are no longer talking about tax cuts or tax increases? and where is the administration? i know you guys have argued a lot of details on spending cuts, but are you prepared to offer more? do they have a letter from ceos urging spending cuts and entitlement reforms and so forth be multiple and is the white house prepared to do more on that? >> let me take your questions in relative order. first of all, i...